📈 Bullish Single Candlestick Patterns
These patterns suggest a potential upward reversal after a downtrend.
✅ Hammer
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A small body with a long lower wick and little to no upper wick.
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Appears after a downtrend, signaling a bullish reversal.
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Shows that buyers are regaining control.
✅ Inverted Hammer
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Small body with a long upper wick and little to no lower wick.
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Found at the bottom of a downtrend, indicating potential reversal.
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Suggests an initial selling push that was overtaken by buyers.
✅ Bullish Marubozu
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A single bullish candle with no wicks, meaning it opened at the lowest price and closed at the highest.
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Indicates strong buying momentum and continuation of the uptrend.
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Often used to confirm bullish sentiment.
📉 Bearish Single Candlestick Patterns
These patterns signal a potential downward reversal after an uptrend.
❌ Shooting Star
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Small body with a long upper wick and little to no lower wick.
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Appears at the top of an uptrend, suggesting weakness in the bullish move.
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Shows buyers tried to push prices higher but failed.
❌ Hanging Man
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Small body with a long lower wick and little to no upper wick.
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Found at the top of an uptrend, signaling potential selling pressure.
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Resembles a Hammer but appears in a different context.
❌ Bearish Marubozu
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A single bearish candle with no wicks, meaning it opened at the highest price and closed at the lowest.
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Indicates strong selling pressure and potential trend continuation.
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Often reinforces bearish sentiment.
🔄 Neutral/Indecision Single Candlestick Patterns
These patterns show market uncertainty and potential trend reversals.
🔄 Doji
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Open and close prices are nearly identical, forming a cross-like shape.
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Represents market indecision between buyers and sellers.
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Can signal reversal or continuation depending on the next candles.
🔄 Gravestone Doji
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Long upper wick with no lower wick, and the open/close at the bottom.
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Suggests that buyers pushed the price up but were overpowered by sellers.
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Often signals a bearish reversal at the top of an uptrend.
🔄 Dragonfly Doji
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Long lower wick with no upper wick, and the open/close at the top.
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Suggests selling pressure was absorbed by buyers, leading to a potential bullish reversal.
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Found at the bottom of a downtrend.
🔄 Spinning Top
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Small body with long upper and lower wicks.
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Indicates indecision and low market commitment.
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Often leads to either trend continuation or a short consolidation phase.
These single candlestick patterns are powerful indicators in price action trading. Let me know if you need deeper explanations!
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